Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
Bad News in the DEFI World
Aave is currently experiencing 100% utilization, with approximately $5 billion in liquidity being sucked out. The bad news is that depositors are currently having difficulty withdrawing funds.
They are currently facing significant liquidity pressure. Several core markets (including ETH, USDT, and USDC) have now reached 100% utilization, leaving many users struggling or even unable to withdraw their funds for the time being.
This is a ripple effect of yesterday's ~$290 million exploit on KelpDAO's rsETH.
As a result, Aave now faces approximately $200 million in bad debt in the wETH market.
Following the exploit, a large number of whales, including Justin Sun, MEXC, and others, immediately withdrew billions of dollars from the protocol.
Within hours, over $5.4 billion in ETH and other assets were exited, causing liquidity in core markets to rapidly dry up.